September 26, 2015
Some of the Things you Should Know when Renting: Insurance Coverage
Usually when you rent a place, the landlord takes care of the insurance. This is why you need to discuss the coverage to your landlord before sealing the deal. Generally, this should cover the building itself. However, there could be different policies for each property. This depends on the agreement of the owner and the tenants.
In this article, we will discuss some of the key highlights on how to actually get the cheapest variable coverage whether you’re house-sharing or not.
If only you or your family live in the house
To find the cheapest deal or coverage, maximize your options. You can refer to some legitimate sites like Go Compare, Compare The Market, or The Money Supermarket. Get initial quotes in the minimum time. Other sites you can visit are Aviva and Direct Line. Getting more options can narrow down your options while comparing the coverage and rates they offer.
If you’re in a house-share
Having a coverage from the mainstream insurance providers can be a little bit challenging—so you might need a professional to explain it for you. Even when you have referred to some of the helpful sites, it is still advisable to double check their policies and coverage to make sure you have things in order. We would really advise you to seek a professional for more detailed explanation of your coverage. On top of that, always go for seasoned brokerage firms. This would be your safest bet. If you’re opting for local brokerage firms, check out if they are under the BIBA as these will specialize in tailoring the summary of expenses for you more accurately.
In case, you’re in a house-share, let the insurance provider know right away so you would be informed that there are other people living with you. This is to make sure everyone living in the property is under the insurance policy.